PMD-SOLVE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PMD-SOLVE
Largest movements
- Receivables within one year +€55,626
up €55,626 (+358.5%), from €15,518 to €71,143
of which Trade receivables: +€55,626
- Cash -€33,222
down €33,222 (-86.4%), from €38,439 to €5,218
mainly Receivables within one year (-€55,626) and Contributions, distributions and other (-€19,500)
- Tangible fixed assets -€10,920
down €10,920 (-22.2%), from €49,111 to €38,191
of which Furniture and vehicles: -€9,368
- Deferred charges and accrued income +€2,899
up €2,899 (+869.9%), from €333 to €3,233
- Debts after one year -€12,182
down €12,182 (-69.9%), from €17,428 to €5,246
- Other debts +€11,234
up €11,234 (+45.3%), from €24,809 to €36,043
- Tax, wage and social debts +€6,462
up €6,462 (+41.7%), from €15,490 to €21,953
of which Taxes: +€6,462
- Profit (loss) carried forward +€5,319
up €5,319 (+17.9%), from €29,679 to €34,998
- Trade debts +€3,094
up €3,094 (+245.5%), from €1,260 to €4,354
- Gross operating margin +€14,634
up €14,634 (+39.4%), from €37,183 to €51,817
- Depreciation +€10,106
up €10,106 (+117.8%), from €8,579 to €18,685
- Taxes +€1,045
up €1,045 (+17.5%), from €5,975 to €7,020
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,401 | €117,784 | +€14,383 | +13.9% |
| Fixed assets | 21/28 | €49,111 | €38,191 | -€10,920 | -22.2% |
| Tangible fixed assets | 22/27 | €49,111 | €38,191 | -€10,920 | -22.2% |
| Furniture and vehicles | 24 | €39,575 | €30,207 | -€9,368 | -23.7% |
| Other tangible fixed assets | 26 | €9,536 | €7,984 | -€1,552 | -16.3% |
| Current assets | 29/58 | €54,290 | €79,594 | +€25,303 | +46.6% |
| Amounts receivable within one year | 40/41 | €15,518 | €71,143 | +€55,626 | +358.5% |
| Trade receivables | 40 | €13,979 | €69,604 | +€55,626 | +397.9% |
| Other amounts receivable | 41 | €1,539 | €1,539 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,439 | €5,218 | -€33,222 | -86.4% |
| Deferred charges and accrued income | 490/1 | €333 | €3,233 | +€2,899 | +869.9% |
| Total equity and liabilities | 10/49 | €103,401 | €117,784 | +€14,383 | +13.9% |
| Equity | 10/15 | €32,679 | €37,998 | +€5,319 | +16.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,679 | €34,998 | +€5,319 | +17.9% |
| Amounts payable | 17/49 | €70,723 | €79,786 | +€9,064 | +12.8% |
| Amounts payable after more than one year | 17 | €17,428 | €5,246 | -€12,182 | -69.9% |
| Financial debts | 170/4 | €17,428 | €5,246 | -€12,182 | -69.9% |
| Amounts payable within one year | 42/48 | €53,187 | €74,532 | +€21,345 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €11,627 | €12,182 | +€555 | +4.8% |
| Trade debts | 44 | €1,260 | €4,354 | +€3,094 | +245.5% |
| Suppliers | 440/4 | €1,260 | €4,354 | +€3,094 | +245.5% |
| Taxes, remuneration and social security | 45 | €15,490 | €21,953 | +€6,462 | +41.7% |
| Taxes | 450/3 | €12,490 | €18,953 | +€6,462 | +51.7% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €24,809 | €36,043 | +€11,234 | +45.3% |
| Accrued charges and deferred income | 492/3 | €108 | €9 | -€99 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,579 | €18,685 | +€10,106 | +117.8% |
| Other operating charges | 640/8 | €62 | - | -€62 | |
| Gross operating margin | 9900 | €37,183 | €51,817 | +€14,634 | +39.4% |
| Operating profit (loss) | 9901 | €28,542 | €33,131 | +€4,590 | +16.1% |
| Financial charges | 65/66B | €1,381 | €1,292 | -€89 | -6.4% |
| Recurring financial charges | 65 | €1,381 | €1,292 | -€89 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €27,161 | €31,839 | +€4,678 | +17.2% |
| Income taxes | 67/77 | €5,975 | €7,020 | +€1,045 | +17.5% |
| Profit (loss) for the period | 9904 | €21,186 | €24,819 | +€3,634 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,186 | €24,819 | +€3,634 | +17.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.